What is Globalization? Global Europe explained

 

Daniele Carminati

The effects of globalization are felt all around the world. The increasingly interconnected global economic system is the most obvious manifestation of the worldwide compression of time and space. However, the consequences of globalization are not limited to the economy. Globalization has had an effect on political systems, religions, and societies in practically every corner of the world. What is globalization exactly? Often globalization and Westernization are used interchangeably, but this proves to be a rather one-sided perspective. Although all around us, globalization can be a tricky concept to pin down.

The Geneva Centre for Security Policy defines globalization as “a process that encompasses the causes, course, and consequences of transnational and transcultural integration of human and non-human activities”. The European Commission, on the other hand, sees globalization as “the combination of technological progress, lower transport costs and policy liberalization in the European Union and elsewhere” that “has led to increasing trade and financial flows between countries”.

Despite the different definitions, globalization is undoubtedly a global phenomenon, which means Europe is a part of it. But what are the implications of a globalizing world on Europe? Continue reading “What is Globalization? Global Europe explained”

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